April 18, 2021
BRUSSELS (AFP) – The European Commission will next week present the first part of a “green taxonomy” list of energy sources and technology to be labelled as sustainable investments, but a question mark hangs over the inclusion of natural gas.
The classification system, to be published on Wednesday, is mandated under a 2019 agreement between member states and the European Parliament meant to define durable economic activities and green finance.
It seeks to define what the European Union (EU) would deem as sustainable as it moves towards a goal of Europe becoming carbon-neutral by 2050, with criteria focussing on mitigating climate change or preparing for it.